Recommind
Latest round
- Series C
Last raised
- Sep 2013
Total raised
- $24M
Investors
- 2
About Recommind
Recommind, Inc.Founded in 2000 in San Francisco, US, Recommind, Inc. is known for its innovative solutions in eDiscovery and information analytics. The company was acquired by OpenText Corporation in June 2016 for USD 163 mn.Recommind, a subsidiary of OpenText since July 2016, specializes in providing advanced eDiscovery and information analytics solutions. Its core product offerings include Axcelerate, Perceptiv, and Decisiv, which facilitate the processing and analysis of unstructured data. These solutions are designed to enhance decision-making capabilities for organizations by enabling quick and efficient eDiscovery, contract analysis, investigations, and enterprise search functionalities. Recommind serves a diverse clientele, including legal firms, corporate legal departments, and government agencies, primarily in North America and Europe.Recommind generates revenue through a subscription-based model that covers its suite of software solutions, which includes both Software as a Service (SaaS) and managed services. Clients engage in contractual agreements to access these tools, which are typically billed on a recurring basis, enabling continuous access to the latest features and support. The company’s flagship products, such as OpenText™ eDiscovery (formerly Axcelerate) and OpenText™ Legal Knowledge Management (formerly Decisiv), are integral to its revenue structure, providing functionality that meets the specific needs of legal and corporate enterprises. Transactional interactions between Recommind and its clients often involve tiered pricing plans based on usage and features, thereby accommodating a range of organizational sizes and requirements.Recommind plans to leverage the recent acquisition by OpenText to enhance its product suite and expand its market presence. The company is focused on developing new features for its existing product lines, with potential updates expected in the upcoming year. Recommind aims to explore further opportunities in the European market, anticipating major expansions by 2023.
Who invested in Recommind
2 investors across 3 rounds
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Questions about Recommind
Who invested in Recommind?
Recommind has 2 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Recommind raised?
Recommind has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Recommind last raise money?
Recommind's most recent round on record is a Series C, in Sep 2013.
What does Recommind do?
Recommind is a software company.
Where is Recommind headquartered?
Recommind is headquartered in San Francisco, US.
Which VCs invest in companies like Recommind?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Recommind's stage. Their profiles are linked below.
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